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Posted on 01/15/2010 4:50:34 PM PST by GOP_Lady
A health tax that hits everyone except the Democratic base.
Democrats seem impervious to embarrassment as they buy votes for ObamaCare, but their latest move makes even Nebraska's Ben Nelson look cheap: The 87% of Americans who don't belong to a union will now foot the bill for a $60 billion giveaway to those who do.
The Senate bill was financed in part by a 40% excise tax on high-cost insurance coverage. The White House backs this "Cadillac tax" as one of the few remaining cost-control tokens. But Big Labor abhors the tax because union benefits tend to be far more generous than average, and labor leaders and House Democrats have been throwing a political tantrum for weeks.
So emerging from their backrooms, Democrats have agreed to extend a special exemption from the Cadillac tax to any health plan that is part of a collective-bargaining agreement, plus state and local workers, many of whom are unionized. Everyone else with a higher-end plan will start to be taxed in 2013, but union members will get a free pass until 2018.
Ponder that one for a moment. Two workers who are identical in every respect—wages, job, health plan—will be treated differently by the tax system, based solely on union membership.
Richard Trumka of the AFL-CIO says this and other concessions mean the excise tax will raise some $60 billion less than the original Senate version. Democrats are probably going to charge investors for this political perk, by extending the 2.9% Medicare payroll tax to capital gains for the first time ever—on top of all the other taxes. Just what the economic recovery needs.
(Excerpt) Read more at online.wsj.com ...
These people are even bad at socialism.
What are we going to do to stop this theft from our rogue government?
What are we going to do to stop this theft from our rogue government?
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I meant theft by our rogue govt.
This is blatantly unconstitutional and if it should pass unchallenged as such, then the Revolution is here.
“Democrats seem impervious to embarrassment as they buy votes for ObamaCare, but their latest move makes even Nebraska’s Ben Nelson look cheap: The 87% of Americans who don’t belong to a union will now foot the bill for a $60 billion giveaway to those who do.”
No we won’t we will trash this bill, and broom the communists out of office.
Patently unconstitutional under the 14th Amendment.
With all the ,well i was going to say breaks but lets call it what it is,Bribes, so bribes being handed out,how will the CBO score this? can they get a budget nuetral bill or will they have to go back? Only asking because every delay is helpful.
I don’t see why the Democrats are stopping at 40%. If the Constitution allows a selective 40% tax, then it allows a selective 400% or 4,000% tax. The Democrats should just go ahead and levy a 4,000,000% tax on all health-care expenditures, then exempt all union and government workers. Within a few years, every Republican will be dead, and the Dems won’t have to worry about elections ever again.
It’s basically a “Republican tax”: a tax on Republican & Conservative workers (non-union).
An easily discovered fact about the Federal Reserve is that it is a corporation, or in reality each district is a separate corporation, presumably to isolate and contain a total collapse to that one district. The shares of the Federal Reserve are owned by the member financial institutions in proportion to their capital. The Federal Reserve has a legal authority to issue debt in the name of the US government. What we have is the largest conflict of interest in human history.
And look what people at the very top did with their authority and who it benefited. Hank Paulson, under Bush, bailed out AIG, but the bailout was a wash-through of funds because some AIG customers including Paulson’s old firm, Goldman Sachs received 100 cents on the dollar for the AIG contract.
Treasury Secretary Timothy Geithner was previously the head of the New York Federal Reserve. While in that previous job, it is alleged that he directed AIG to not fully disclose the details of their bailout.
We talk about banks being “too big to fail”. Some have proposed they should be split up to reduce the systemic risk. Well, no single bank, or even AIG, caused government to mis-spend so much money. But it was government that imposed the Community Reinvestment Act, a regulatory regime that was used by both parties over many years to force banks to lend money to far too many homeowners who could not repay their loans.
Indeed, by 2007, fully 52% of home loans had been made to sub-prime borrowers. We now see the fruits of this government policy: unbearable rates of delinquency and foreclosure.
Before we split up banks for being too big to fail, we must split up government as being to big for us to survive. Government has seized the power to create legal tender, the power to issue debt in our name, the power to create fiat money out of thin air, and the power to tell banks who to lend to. Government is purchasing its power and votes at our expense. It has become a parasite that threatens to kill the host upon which it feeds almost without restraint.
If we do not bring it to heel, we will soon become its serfs.
our local paper, Roanoke Times, does not even give the details of this travesty. only says that a deal with the unions was reached.
liberals and their enablers will stop at nothing.
Socialism is planned poverty. Looks to me like they're doing a pretty good job of it.
Cordially,
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